What is Financial Details for TVS Emerald Avalon?
What is Financial Details for TVS Emerald Avalon? The financial details for TVS Emerald Avalon show a total project cost of ₹646.92 Crore (₹6,469,200,000) and starting home prices of ₹1.20 Crore across 1,035 flats. The builder spent ₹166.92 Crore (₹1,669,200,000) to buy the land and set aside ₹480.00 Crore (₹4,800,000,000) to build the homes. Registered under TNRERA/35/BLG/0343/2026, the project opens for booking on 28 September 2026, and buyers will get their keys by February 2033 across 10 high-rise towers (G+15 floors). Spread over 12.44 acres on Pallavaram–Thoraipakkam Radial Road in Chennai, the community offers 2, 3, and 4 BHK homes with sizes from 965 sq. ft. to 2,590 sq. ft. at a base rate of ₹12,435 per sq. ft.
What is the Total Project Cost Breakdown for TVS Emerald Avalon?
The total project expenditure for TVS Emerald Avalon stands at ₹6,469,200,000 (₹646.92 Crore), split between direct land acquisition valuation and ongoing civil execution funds. Building work makes up the largest share, taking up 74.20% of the entire budget at ₹480 Crore. The land takes up the remaining 25.80% at ₹166.92 Crore, securing 12.44 acres of green land in South Chennai. TVS Emerald pays for these costs through its own funds and group money, which keeps project debt very low.
| Capital Head | Allocation in INR | Share of Capital (%) | Financial Scope & Regulatory Purpose |
|---|---|---|---|
| Land Cost (Market Value) | ₹1,66,92,00,000 (₹166.92 Cr) | 25.80% | 12.44-acre plot on Pallavaram–Thoraipakkam 200 Feet Radial Road |
| Construction Cost | ₹4,80,00,00,000 (₹480.00 Cr) | 74.20% | Civil work, 10 towers, clubhouse, water lines, and power setup |
| Other Statutory & Overhead Costs | Nil / Internal | 0.00% | Handled directly by the company within its regular budget |
| Total Project Expenditure | ₹6,46,92,00,000 (₹646.92 Cr) | 100.00% | Full cost to build and deliver all 1,035 apartments |
What are the Unit-Level Apartment Prices and Size Configurations?
Apartment units at TVS Emerald Avalon begin at ₹1.20 Crore and scale up to ₹3.26 Crore based on super built-up space and structural typology. Floor sizes start at 965 sq. ft. for compact 2 BHK homes and go up to 2,590 sq. ft. for large 4 BHK duplex flats across 10 towers with 15 floors each. The floor plans give you 63% to 65% usable carpet area, so you get plenty of living space.
- 2 BHK Homes (965 – 1,245 sq. ft.): Base prices run from ₹1.20 Crore to ₹1.54 Crore, making them a great fit for small families and IT professionals.
- 3 BHK Homes (1,540 – 1,700 sq. ft.): Priced between ₹1.91 Crore and ₹2.11 Crore, giving you bigger living rooms, three bedrooms, and extra balcony space.
- 4 BHK Duplex Homes (2,440 – 2,590 sq. ft.): Priced from ₹3.03 Crore to ₹3.26 Crore, offering two levels, high ceilings, private terraces, and corner views.
What is the TNRERA Timeline and Milestone-Linked Buyer Payment Schedule?
The regulatory filing TNRERA/35/BLG/0343/2026 establishes an official commercial launch date of 28 September 2026 and sets the statutory project completion deadline for February 2033. You pay for your flat in small steps only after the builder finishes each real stage of construction. A licensed site engineer must check and sign off on each floor before the builder asks for your next payment.
- Booking and Agreement Step (10% – 20%): You pay a 10% token deposit to block your flat, followed by another payment when you sign the sale agreement.
- Ground and Basement Step (15%): Due only after the builders finish deep piling into the ground and lay the solid concrete base slab.
- Floor-by-Floor Slab Step (40% – 50%): Broken down into small parts, paid one by one as workers finish pouring each of the 15 concrete roof slabs.
- Finishing and Key Step (15% – 20%): Paid when workers finish wall plastering, paint, water lines, lifts, and hand over the keys in February 2033.
What are the Statutory Fees, Taxes, and Additional Purchase Expenses?
Government taxes and property registration charges add roughly 14% on top of the base unit price, determined by Tamil Nadu state revenue codes and federal tax brackets. Tamil Nadu charges a 7% stamp duty and a 2% registration fee based on the value written on your sale agreement. Since this is an under-construction project, you also pay 5% GST spread across your construction installments.
- Stamp Duty and Registration: A combined 9% state government fee (7% Stamp Duty plus 2% Registration) paid at the registrar's office during deed signing.
- Goods and Services Tax (GST): A flat 5% tax added to every construction bill, without input tax credits.
- Utility Connection Charges: Separate one-time fees to connect government electricity lines (TNEB) and city drinking water lines (CMWSSB).
- Maintenance and Sinking Fund: A one-time safety reserve fund and two years of advance building care fees collected right before you move in.
Frequently Asked Questions
The total financial outlay for TVS Emerald Avalon is ₹646.92 Crore (₹6,469,200,000), which is divided into ₹166.92 Crore for land valuation and ₹480.00 Crore for civil construction works.
Under TNRERA/35/BLG/0343/2026, TVS Emerald Avalon opens for official booking on 28 September 2026, and full handover takes place in February 2033.
Prices start at ₹1.20 Crore for a 965 sq. ft. 2 BHK flat and go up to ₹3.26 Crore for a large 2,590 sq. ft. 4 BHK duplex home.
TVS Emerald has set aside ₹480.00 Crore (₹4,800,000,000) purely for civil construction, tower structures, roads, water setups, and the resident clubhouse.
You will pay around 14% extra, which covers 7% Tamil Nadu stamp duty, 2% registration fee, 5% GST, and regular connection charges for power and water.
